LOL Money

Loved the yuff n beau bit...makes us sound like ant n dec or eric and ernie...I'm the good looking younger one you know...lmao.

Being serious though...

A good point you raised. I think we both agreed it wouldn't be easy although I had overlooked that in my thinking.

My oh my, though, it does lend food for thought....80m shares at the strike price. To give them the benefit of the doubt and I may have this wrong, wasn't the strike price reduced to 12.75p as I remember DL saying something like that in the AGM. Of course I could be way off.

Consider this, the 80m x 12.75p (say) is a value of 12.2m and now worth (and lets just say 4p for ease) a paultry value of 3.2m. I've never looked at it like that before, wow, yes, a whole bunch of various shareholders (of course including SW) losing 7m between them...assuming my figures are correct. If you use the 15.75p strike price originally used then the figures are even more disastrous at 9.4m. Switch these figures back into dollars and hey, you've suddenly got monopoly money losses that are quite massive.

Now, forgive me, and I'm not being sarcastic here, honest, but I just can't believe that, a stunning loss of the hugest proportions while the company holds IP, Patents and Leading technologies. I don't know how many hold the circa 60m but if there were some biggie holders, and one of them was you, would you hold? Would you support a board that is at the helm of what can only be described as a huge calamity, a rudderless ship, internally destructive with the inability to determine a strategy that protects your investment.

How many do you think have been offloaded at higher prices as they must have been forewarned that Gem would kick in and the share price would sensationally crash?

It boggles the mind.

Beau

Moneylender.

Thanks for that, was a while back so i had forgot but, problem is
that every punter has hopefully cottoned onto the dire penny share
market and the pathetic attempts of small cap directors to buy such
small amounts in their companies whilst still drawing a very large salary.
Maybe you could put me wrong by telling me how much David Lee is paid
a year from Tadpole, looking around it's all doom and gloom, the AIM market
is now the new "rip off the small punter" market and no wonder some once popular
stocks struggle to get more than 3 trades a day when they used to get 300 !!!
Saying that i dont think Tadpole is a AIM stock but you get my drift about all
poor penny stocks having zero support right now.
I dont actually blame the econemy etc etc, i blame the vastly greedy market
makers for killing the penny share market, most of the stocks have ridiculous
spreads, i would say that over half have manipulated share prices, i think 80%
of day-traders have been wiped out in the last few months or many have simply
realised that there's no logic to make mm's money when they have very little
chance of covering costs let alone make a profit.
So this alone has killed Tadpole for now, only a surprise positive trading statement
can save them this time, because there's no mercy in this market, 1p could actually
happen if they disappoint...ps...look at the crooked management in MPS, read
the statement 2 months earlier and read yesterdays, how do they manage to stay
out of jail ?

talk of a imminent preliminary earnings/losses report due shortly over on the eyes

i have to give you guys credit for hanging in there, the chart looks awful, and this share comes straight form the ark of the Y2k!!!

i knew a few that lost a lot on this, hard to believe tad is still goin really, good luck all...

hmmm handbags flying inside the company.

A few clues that business is picking up there too.

Well it looks like SW is bringing his 80M shares into play!!

M

Tadpole Technology plc ('the Group' or 'the Company')

Update

Following a review of executive management's proposed business plans for the
three years ending 30 September 2008, the Directors have been unable to agree
the proposed plan for the Streaming Division which was contingent upon the
approval of a proposed financing. Consequently the Board is reviewing the
strategic options available to the Streaming Division and does not intend to
make further financing available to this division. The management of the
Streaming Division believes the division has access to sufficient cash resources
to sustain the division's activities until the current differences are resolved.
More

M

3.59p to buy online and plenty offered (250k).

Almost a new low.

edit...that 3.59p looks popular

Moneylender :

Offer is now 3.7p but for 500k online despite the buying !

Somebody is selling.

Well it looks like DL is going to be history. There is no doubt in my mind that SW and his gang have thought this through and that they have the clout to carry the day. We will then see either a management buy out or a venture cap come in with cash and the necessary dilution.
I am certain that Streaming software will one day be the way to go, so is it better to have 50% of nothing or 10% of something? I for one am fed up backing a Co that has consistently prommised the world and delivered nothing.

Will i be sorry to see DL go? I dont think so. He was in charge when we "bought" Stream Theory and blaming KB was not sufficient DL should have gone as well.
The whole ST purchase is/was a F........ fiasco, we gave 80M shares for a bankrupt company, that must have been the deal of the Century.

M

boardroom bickering - unable to agree a stategy

market cap still much higher than turnover

no mention of any profits this year

dire chart

further to fall

you only have yourself to blame moneylender

snappy

How do you know ML didn't make a load of cash last time tad was at this price and you were saying the same things then?

i don't yuff

and please stop getting your knickers in a twist

the pantomime continues .............

Ahhh so Snappy wears knickers!

Lets not go the way of advfn/iii

Looking critical now, only 1 mm on 3p bid, usually when it gets
this low most of the mm's become buyers, merrills drop to 3.5p
offer and wins go and undercut them to 3.25p offer.

I didnt really think the statement was that bad at first but i suppose
anything other than great news in this market is going to be met with
a severe punishment in the share price and there's the 2.5p bid now so
where is the bottom because i want to be having some Tadpole shares
because history always suggests they will recover at some point.

This affair could be quite a drawn out one mackem.

It posses several questions of which the first one must surely be what were Tadpole doing paying $25m in shares for a company that less than a year after completion of the deal (also at a cost of over $1m in legal fees on top) are they now unable to reach agreement on funding at the board level. Surely they must have had an idea at the time of the acquisition/reverse takeover/takeover call it whatever you want what the funding requirements might be.

It's all very fishy

Snappy

One of your better posts!!

You must remeber that ST was just about bust when we bought it for $25m
How do you spell "con"

M

Poor management snappy but then has Tadpole ever had a case
where the management were good, 25 years of losing money, the
only reason they manage to keep raising funds is that the small
shareholder still cant say no to the company, a long and painful
love affair.

very true mackem, but that love affair seems to be drawing to a close.